Business Standard - July 24, 2024![Legg til i Mine favoritter Add to Favorites](/static/icons/filled.svg)
![](/static/icons/sharenew.svg)
Business Standard - July 24, 2024![Legg til i Mine favoritter Add to Favorites](/static/icons/filled.svg)
![](/static/icons/sharenew.svg)
Få ubegrenset med Magzter GOLD
Les Business Standard og 9,000+ andre magasiner og aviser med bare ett abonnement Se katalog
1 Måned $9.99
1 År$99.99
$8/måned
Abonner kun på Business Standard
1 år $25.99
Kjøp denne utgaven $0.99
I denne utgaven
July 24, 2024
Will make up for revenue forgone, says Sitharaman
Union Finance Minister NIRMALA SITHARAMAN, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures. Ruchika Chitravanshi, Shrimi Choudhary, and Harsh Kumar report
3 mins
POLITICAL BUT PRUDENT DCE CENCE
3 NEW EMPLOYMENT SCHEMES | INTERNSHIP FOR 10 MN YOUTH IN TOP 500 FIRMS END TO ANGEL TAX; I-T RELIEF FOR SALARIED CLASS | HIKE IN CAPITAL GAINS TAX
![POLITICAL BUT PRUDENT DCE CENCE](https://reseuro.magzter.com/100x125/articles/18959/1775322/ygdrSt8IG56DfJ94NUesys/POLITICAL-BUT-PRUDENT-DCE-CENCE.jpg)
4 mins
Simpler capital gains tax regime highlight of Budget
This Budget has a lot of provisions, but my focus is on some of the items I think will have a significant impact on the middle class.
![Simpler capital gains tax regime highlight of Budget](https://reseuro.magzter.com/100x125/articles/18959/1775322/9ogq4fMlRmhRZQUSQz8sys/SIMPLER-CAPITAL-GAINS-TAX-REGIME-HIGHLIGHT-OF-BUDGET.jpg)
2 mins
Employees to pocket ₹17,500 more as new tax regime hits refresh
Over two-thirds of individual taxpayers opted for new structure in FY24
![Employees to pocket ₹17,500 more as new tax regime hits refresh](https://reseuro.magzter.com/100x125/articles/18959/1775322/Lqf6eidrs01hSKGAawksys/EMPLOYEES-TO-POCKET-17500-MORE-AS-NEW-TAX-REGIME-HITS-REFRESH.jpg)
2 mins
Indexation benefit removal a realty check for investors
Finance Minister Nirmala Sitharaman on Tuesday announced major changes in the capital gains tax regime on various assets, including increasing short-term and longterm capital gains tax on equities.
2 mins
Walking the talk on fiscal consolidation
Finance Minister Nirmala Sitharaman expedited fiscal consolidation, projecting it at 4.9 per cent of gross domestic product (GDP) for 202425, down from the Interim Budget estimate of 5.1 per cent.
2 mins
A roadmap for Viksit Bharat
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in \"Viksit Bharat\".
2 mins
Revenue expenditure raised, capex remains untouched
Allocations for Andhra Pradesh and Bihar, but financial implication unclear
![Revenue expenditure raised, capex remains untouched](https://reseuro.magzter.com/100x125/articles/18959/1775322/0S1Xlnfl75DZIVwgXRSsys/REVENUE-EXPENDITURE-RAISED-CAPEX-REMAINS-UNTOUCHED.jpg)
2 mins
In the right direction
The Budget was a balanced one, with a distinct focus on women, youth and job creation, emphasising the sustained efforts to generate ample opportunities for all.
2 mins
Budget proposes to simplify FDI norms
The Union Budget tabled Tuesday ☐ the norms surrounding foreign in Parliament proposed to simplify direct investment (FDI) and overseas investments in a bid to boost capital inflows from foreign shores.
![Budget proposes to simplify FDI norms](https://reseuro.magzter.com/100x125/articles/18959/1775322/GkGCxrLhbp553V34UwKsys/BUDGET-PROPOSES-TO-SIMPLIFY-FDI-NORMS.jpg)
1 min
Budget lays ground for further reforms
The Union Budget is a valuable statement of intent of the government's commitment to growth and development.
2 mins
'Budget aims to create abundant opportunities'
Finance Sitharaman's Budget for the fiscal year 2024-25 outlines ambitious initiatives aimed at fostering economic growth, enhancing infrastructure, and encouraging innovation across various sectors.
!['Budget aims to create abundant opportunities'](https://reseuro.magzter.com/100x125/articles/18959/1775322/9Byf28dp32OQnEu5KkYsys/BUDGET-AIMS-TO-CREATE-ABUNDANT-OPPORTUNITIES.jpg)
2 mins
Job creation gets Budget boost with incentives
Recognising job creation for the youth as the foremost challenge for the economy, Finance Minister Nirmala Sitharaman on Tuesday announced a comprehensive Prime Minister's package to facilitate the employment and skilling of 41 million youth with a central outlay of ₹2 trillion over the next five-year period.
![Job creation gets Budget boost with incentives](https://reseuro.magzter.com/100x125/articles/18959/1775322/UGSx1sqHRWQSoNPW4Avsys/JOB-CREATION-GETS-BUDGET-BOOST-WITH-INCENTIVES.jpg)
2 mins
Budget draws road map for industry-ready workforce
Internship opportunities, easy skilling loans, new centrally sponsored scheme, and ITI upgrade announced
![Budget draws road map for industry-ready workforce](https://reseuro.magzter.com/100x125/articles/18959/1775322/cspYvN9jkv4dYqAdQLtsys/BUDGET-DRAWS-ROAD-MAP-FOR-INDUSTRYREADY-WORKFORCE.jpg)
2 mins
Rly capex rises to ₹2.65 trillion
Around ₹1.08 trillion lined up for critical safety works like Kavach
![Rly capex rises to ₹2.65 trillion](https://reseuro.magzter.com/100x125/articles/18959/1775322/4xptunXUNiUqHWpgM9Fsys/RLY-CAPEX-RISES-TO-265-TRILLION.jpg)
2 mins
FM exhorts states to take up next-gen reforms agenda
In her Budget speech, Finance Minister Nirmala Sitharaman on Tuesday underlined the need for collaboration between the Centre and states to take up the next-generation reforms covering land, labour, capital, and entrepreneurship.
![FM exhorts states to take up next-gen reforms agenda](https://reseuro.magzter.com/100x125/articles/18959/1775322/r8CNHCaWU589qN4Y3AXsys/FM-EXHORTS-STATES-TO-TAKE-UP-NEXTGEN-REFORMS-AGENDA.jpg)
2 mins
Capex support continues to be sustained
A balanced Budget, focused on national priorities, continues to support the growth of rail infrastructure as already spelled out in the interim Budget 2024-25.
2 mins
Coalition, poll maths to the fore
Finance Minister Nirmala Sitharaman presented the Union Budget for FY25 on Tuesday, seeking to respond to the political message that the June 4 Lok Sabha poll verdict had thrown up, and the challenges that the Bharatiya Janata Party (BJP) faces.
![Coalition, poll maths to the fore](https://reseuro.magzter.com/100x125/articles/18959/1775322/O5vfZF7WLN1TVOlSe2Gsys/COALITION-POLL-MATHS-TO-THE-FORE.jpg)
3 mins
Changed mood: Budget Day reflects new Lok Sabha reality
The new political context was the underlay of the final Budget 2024-25.
![Changed mood: Budget Day reflects new Lok Sabha reality](https://reseuro.magzter.com/100x125/articles/18959/1775322/bEJ6Zt6hXNYqelL85j5sys/CHANGED-MOOD-BUDGET-DAY-REFLECTS-NEW-LOK-SABHA-REALITY.jpg)
2 mins
Rahul flags 'hollow' Budget promises; demands ignored, say regional parties
On Tuesday, Congress leader Rahul Gandhi led the Opposition in slamming the government for presenting a Budget full of \"hollow promises\", adding the Centre sought to appease its Andhra Pradesh and Bihar allies to ensure the survival of its government at the Centre.
![Rahul flags 'hollow' Budget promises; demands ignored, say regional parties](https://reseuro.magzter.com/100x125/articles/18959/1775322/wuc5HNxNKCjWqgtFjf9sys/RAHUL-FLAGS-HOLLOW-BUDGET-PROMISES-DEMANDS-IGNORED-SAY-REGIONAL-PARTIES.jpg)
2 mins
'Panel of secretaries working on simplification of FDI rules'
A government panel is working on simplification of foreign direct investment (FDI) rules, including speed of approval of proposals as well as switching to an automatic approval mode, Commerce and Industry Minister PIYUSH GOYAL told Shreya Nandi in New Delhi in a post-Budget interview. Edited excerpts:
2 mins
FM's tax measures seek to widen net, cut litigation
Deepening the tax base, reducing litigation, and ensuring tax certainty for taxpayers with a long-term vision to reform the taxation framework have been emphasised in the Budget.
![FM's tax measures seek to widen net, cut litigation](https://reseuro.magzter.com/100x125/articles/18959/1775322/HxC86yjUnkhobMV2VU9sys/FMS-TAX-MEASURES-SEEK-TO-WIDEN-NET-CUT-LITIGATION.jpg)
2 mins
Setting the stage for India's sustained economic growth
The full Budget for FY25 signals policy continuity and retains focus on fiscal consolidation, a central tenet of the previous government.
3 mins
Need a long-term vision
Why does the Budget in India evoke so much hype and expectation? Normally, it should be regarded as a routine annual accounting exercise, as in many other countries.
3 mins
Sustaining the India story
The quality of expenditure continues to improve
![Sustaining the India story](https://reseuro.magzter.com/100x125/articles/18959/1775322/IqjZVLJyc8lIXvEmF4Gsys/SUSTAINING-THE-INDIA-STORY.jpg)
5 mins
Fiscal balance amid coalition compromises
Tinkering with rates proposed in the Budget does not change the protectionist stance and there is a need for rethink on the issue
4 mins
Govts have limited impact on jobs
Policy reforms would work better than programmes or projects
![Govts have limited impact on jobs](https://reseuro.magzter.com/100x125/articles/18959/1775322/VZzO1ih0oslCJNSCP6msys/GOVTS-HAVE-LIMITED-IMPACT-ON-JOBS.jpg)
4 mins
FM sticks to the plan
Budget taxed and spent smartly, more clarity needed on fiscal path
4 mins
Defence funding: On guard but unchanged
Current defence allocation’s impact on overall spending still unclear
![Defence funding: On guard but unchanged](https://reseuro.magzter.com/100x125/articles/18959/1775322/UQ4M0AeNT1721766341817/DEFENCE-FUNDING-ON-GUARD-BUT-UNCHANGED.jpg)
1 min
Millions of jobs will begenerated: Modi
PM says education, skill development to get a push
![Millions of jobs will begenerated: Modi](https://reseuro.magzter.com/100x125/articles/18959/1775322/tv0DnU4QvYUyo5XoLm3sys/MILLIONS-OF-JOBS-WILL-BEGENERATED-MODI.jpg)
2 mins
Budget ushers in relief for gold ETFs, equity FoFs
EQUITY, SELECT HYBRID FUNDS TO FACE HIGHER TAX BURDEN
3 mins
Equity trading taxes raised to curb frenzy
STCG, LTCG, STT hiked; move to lift sticky investments
3 mins
Markets pare losses
Sensex rebounds 1,200 pts from day's lows to end flat
![Markets pare losses](https://reseuro.magzter.com/100x125/articles/18959/1775322/NpNfrRnlGnRDYUf8hb8sys/MARKETS-PARE-LOSSES.jpg)
2 mins
Tax breaks and rural triggers may keep consumer stocks in play
While the Budget for FY25 ticked most of the right boxes, especially on the macro front, negative surprises in the form of higher tax incidence on financial assets and the withdrawal of indexation benefits on real estate led to a selloff initially.
2 mins
Right balance between economic growth and fiscal prudence
Budget 2024 has charted the course for transforming India into 'Viksit Bharat' by 2047 in the 'Amrit Kaal' with sustained efforts and special focus areas on poor, women, youth and farmer and on nine priority areas: productivity and resilience in agriculture; employment & skilling; inclusive human resource development and social justice; manufacturing & services; urban development; energy security; infrastructure; innovation, research & development and next generation reforms.
2 mins
Govt abolishes angel taxon startup funding
Capital gains tax rates between listed, unlisted equity aligned
2 mins
Indexation a new plot twist for homebuyers
MIXED FORTUNES FOR REAL ESTATE SECTOR
2 mins
Consumer goods firms likely to see an upswing after year of lull
Announcements may put more money in hands of taxpayers boosting consumer demand
![Consumer goods firms likely to see an upswing after year of lull](https://reseuro.magzter.com/100x125/articles/18959/1775322/e5NtZRV1I2rH8ZCnTPvsys/CONSUMER-GOODS-FIRMS-LIKELY-TO-SEE-AN-UPSWING-AFTER-YEAR-OF-LULL.jpg)
2 mins
Building foundation to monetise India's demographic dividend
Budget 2024 highlights the government's continued focus on building a strong foundation that empowers citizens and organisations to drive inclusive and sustainable economic growth.
2 mins
Sowing seeds for agri R&D
Centre to connect 25, 0001 more evillages' in PhaseIV of rural roads scheme
![Sowing seeds for agri R&D](https://reseuro.magzter.com/100x125/articles/18959/1775322/QSkBORBIfL8CCDaXJCEsys/SOWING-SEEDS-FOR-AGRI-RD.jpg)
3 mins
Govt slashes food, fertiliser, fuel subsidy bill
Budget Estimate for food subsidy pegged at ₹2.05 trillion, 3.34% lower than Revised Estimate for FY24
2 mins
Some boost for agriculture, rural economy
The agriculture sector has grown at an annual growth rate of 4.2 per cent in the last five years.
2 mins
Future-oriented, focused on green mobility
The Union Budget for FY25 demonstrates the nation's outlook towards inclusive, tech-focused and sustainable growth, in line with the government's long-term vision of Viksit Bharat.
3 mins
Capex for infra intact, ball now in states' court
Deviating from her earlier infra capital expenditure (capex)loaded Budgets, Dav finance minister Nirmala Sitharaman kept infrastructure spending for key central ministries unchanged from provisions of the interim Budget.
1 min
Lower estimate cheers bond mkt
Rupee declines to new low due to fall in domestic equities
![Lower estimate cheers bond mkt](https://reseuro.magzter.com/100x125/articles/18959/1775322/MCHwY6vGV2RyFXGWhk6sys/LOWER-ESTIMATE-CHEERS-BOND-MKT.jpg)
2 mins
An embodiment of reform, perform, and transform
THE FINE PRINT The Finance Minister presented a comprehensive Budget that laid the foundation for fiscal prudence and sustained long-term growth, embodying the government's commitment to 'Reform, Perform, and Transform' during the 'Amrit Kaal'.
2 mins
Fiscal consolidation: Yes. Banking reforms: Wait
This is Union Finance Minister Nirmala Sitharaman's seventh successive Budget, the highest by any finance minister, surpassing Morarji Desai's six.
3 mins
Sharp import duty cut to burnish gold, silver
Union Finance Minister Nirmala Sitharaman on Tuesday announced a sharp cut in import duties on gold and silver, from 15 per cent to only 6 per cent.
2 mins
Firms get limited relief to push MRO services
Union Finance Minister Nirmala Sitharaman on Tuesday announced a slew of measures to give some relief to domestic companies involved in maintenance, repair and overhaul (MRO) of aircraft, boats and ships.
1 min
Budget for growth, continuity, and steadiness
Three key elements emerge from the Budget presented by Finance Minister Nirmala Sitharaman which are crucial indications for India's economic trajectory in the coming years.
3 mins
Business Standard Newspaper Description:
Utgiver: Business Standard Private Ltd
Kategori: Newspaper
Språk: English
Frekvens: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
Kanseller når som helst [ Ingen binding ]
Kun digitalt